Where to invest in the best cryptocurrency of 2021
July 21, 2021
6 minutes to read
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Like forex or the stock market, investing in cryptocurrency can be lucrative or risky depending on the demand for digital currency. Bitcoin and Ethereum, which are the two most popular crypto coins, continue to fluctuate. When investing in an option or other coins, it is best to look at it from a different perspective, which involves direct exposure to the world of digital currency.
As you embark on your journey of finding the best cryptocurrency to invest in, knowing which platforms can increase your chances of getting the best deal is essential. Whether you’re joining the crypto market as a new investor or just starting to dip your toes into the emerging new generation of currencies, here are some key factors to consider.
While Bitcoin remains a popular digital coin, many others are grabbing the fair share of the market that newbie investors can try. It boils down to where to buy cryptocurrency. Here is a list of platforms that connect potential buyers to eligible custodians, crypto exchanges, and e-wallets.
Best overall: Bitcoin IRA
Best value: BlockFi
Better interface: Coinbase
Better security: Crypto.com
Best exchange solutions: Kraken
Best overall: Bitcoin IRA
Image credit: Bitcoin IRA
Bitcoin IRA is a platform that connects you with electronic wallet holders and crypto exchange programs to perform crypto transactions anytime and anywhere. In addition to offering tax breaks, Bitcoin IRA helps you maximize your financial growth in a tax-free space. It also shares insight into market behavior, allowing you to take the necessary first step.
To get started, you’ll need to create an account that gives you access to your dashboard and e-wallet for on-line funding and pricing. It also provides a wide range of advice through tutorial videos and articles. Then you can fund your IRA account and wait 3-5 business days for approval. Finally, you can start trading your digital assets through your account.
When trading through Bitcoin IRA, remember that the digital currency space is very unpredictable, so you’ll want to make sure that you have sufficient funds, experience in crypto auto-trading, and the willingness to bear the risks of a potential loss of your investment. . Fortunately, the Bitcoin IRA dashboard has various educational and price tracking features to guide you.
Best Value: BlockFi
Image credit: BlockFi
The best way to enter the crypto trading space or merge conventional finance and cryptos is to invest through a platform that guarantees zero hidden fees or minimum deposit. This is pretty much the reason why BlockFi was born. As one of the most recognized and regulated cryptocurrency trading platforms in the United States, BlockFi can reward you with compound interest ranging from 3% to 8.6% on your cryptocurrency investment. However, the interest rate can vary depending on the type of currency you are trading and market trends.
Gone are the days when only banks and microfinance institutions were the only places you could borrow. Now BlockFi can lend to you without selling your digital coins for low interest. This means that you do not have to declare your capital gains, thus avoiding heavy taxation. Recently, BlockFi became the first platform to launch a Bitcoin reward system via credit cards. Once you’ve earned your first reward, the money will be credited to your account to earn interest immediately.
Best interface: Coinbase
Image credit: Coinbase
If you are looking to trade crypto coins other than Bitcoin, look no further than Coinbase. The digital coin trading platform was founded in 2012 and is licensed and fully regulated by the US crypto exchange market. In its early days, Bitcoin trading was the only activity allowed by the platform. As the demand for other currencies continues to increase, Coinbase welcomes Ethereum, Bitcoin Cash, Litecoin, and many more, provided users adhere to the auto-trade terms and conditions. Now with Coinbase, you can earn up to $ 29 worth of crypto.
The tips for using Coinbase’s dashboard are simple. It starts with creating an account and funding it using your mobile or desktop version. The dashboard has a wide range of features that allow you to build your portfolio. You can buy or sell crypto coins and monitor their performance in one place. The daily, weekly and monthly recurring purchases feature guides you to gradually invest in cryptocurrency over time. Finally, the safe-guard feature provides high-level security for your personal and financial information.
Best security: Crypto.com
Image credit: Crypto.com
Crypto.com, a digital asset exchange platform, invites you into a stash filled with various products and services, from an easy-to-use, app-supported interface to great referral program initiatives. . Whether you want cutting edge security or quality guaranteed e-wallet solutions, Crypto.com has you covered. Unlike Coinbase, joining Crypto.com is much cheaper. Self-trading is also not the only thing you can expect from its trading program. Instead, you can earn rewards for referring a friend to the platform and interest and deposits.
When you make credit card purchases on Crypto.com, you earn up to 0.45 manufacturer fees plus 2.99%. The platform is home to around 137 currencies, making it one of the most popular choices for crypto newbies and veterans alike. Setting up an account with Crypto.com involves a two-step verification process which is instantaneous and ensures security against theft and cold storage by third parties. Once you’ve signed up, get ready to buy, sell, earn, withdraw, and trade e-wallets with other custodians on the platform.
Best exchange solutions: Kraken
Image credit: Kraken
After the launch of Bitcoin in 2009, cryptocurrency exchange programs set the stage to meet the growing need for cryptocurrency trading. One of those exchange programs that followed suit two years after Bitcoin’s launch is Kraken. While many years of service may not always equate to quality, Kraken continues to offer fiat currency solutions for both beginners and advanced crypto enthusiasts. Today, users can access up to 20 currencies using five fiat currencies like USD, CAD, Japanese Yen, Euro, and British Pound.
Unlike other exchange programs, Kraken offers advanced services like OTC trading, dark pool, futures trading, and margin trading. While newcomers can find their way into these services intimidating, they can always check the dashboard for guidance. Following the security threat from its predecessor (Mt.Gox), Kraken relies on a proof of reserves audit to protect its users against fraud and other forms of embezzlement. This means that a user’s details and financial information will be stored offline in cold wallets.
With its headquarters in San Francisco, Kraken maintains transparency by keeping its investors public, making it one of the most secure and trusted exchange platforms in the cryptocurrency market.
Are you ready to invest and trade through an exchange platform?
Image credit: CardMapr.nl (Unsplash)
Now that you have decided to invest in Bitcoin and other leading cryptocurrencies through a trading program, knowing the benefits and risks of choosing one of the five options can make or break your auto experience. -trading.
There may be hidden costs associated with joining some programs, but the rewards are worth your investment. On the flip side, others don’t charge any registration or retention fees, but they still have a lot to offer when it comes to rewards and other perks. Before narrowing down your choice, be sure to read the terms and conditions. Only dedicated, disciplined and sufficient capital for investment can survive the test of time, because the crypto market is so volatile.